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Promising Casino Stocks To Follow Now - September 20th

Sharplink Gaming logo with Consumer Discretionary background

Key Points

  • Seven casino stocks are highlighted for investors to watch, including Sharplink Gaming, Flutter Entertainment, and Wynn Resorts, due to their recent high trading volumes.
  • Casino stocks are sensitive to economic conditions and shifts in consumer spending, providing exposure to the gambling industry's revenue streams.
  • Companies like DraftKings and Churchill Downs are expanding in digital sports betting and online gaming, reflecting a broader trend in the industry towards online wagering platforms.
  • Five stocks to consider instead of Sharplink Gaming.

Sharplink Gaming, Flutter Entertainment, Wynn Resorts, DraftKings, Richtech Robotics, MGM Resorts International, and Churchill Downs are the seven Casino stocks to watch today, according to MarketBeat's stock screener tool. Casino stocks are equity shares of companies that operate casinos and other gaming-related businesses, including slot machines, table games, hotel accommodations, and online wagering platforms. Investors in these stocks gain exposure to the gambling industry’s revenue streams and potential upside from tourism and consumer leisure spending. Like other consumer‐cyclical equities, casino stocks are sensitive to economic conditions, regulatory changes, and shifts in discretionary income. These companies had the highest dollar trading volume of any Casino stocks within the last several days.

Sharplink Gaming (SBET)

SharpLink Gaming, Inc. operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. The company operates through four segments: Affiliate Marketing Services United States, Affiliate Marketing Services International, Sports Gaming Client Services, and SportsHub Games Network.

Read Our Latest Research Report on SBET

Flutter Entertainment (FLUT)

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports betting products, and gaming products; and online sports betting.

Read Our Latest Research Report on FLUT

Wynn Resorts (WYNN)

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.

Read Our Latest Research Report on WYNN

DraftKings (DKNG)

DraftKings Inc. operates as a digital sports entertainment and gaming company in the United States and internationally. It provides online sports betting and casino, daily fantasy sports, media, and other consumer products, as well as retails sportsbooks. The company also engages in the design and development of sports betting and casino gaming software for online and retail sportsbooks, and iGaming operators.

Read Our Latest Research Report on DKNG

Richtech Robotics (RR)

Richtech Robotics Inc. develops, manufactures, deploys, and sells robotic solutions for automation in the service industry. The company offers indoor transport and delivery, sanitation, and food and beverage automation solutions, such as ADAM and ARM worker robots; delivery robots, including Matradee, Matradee X, Matradee L, Richie, and Robbie; and cleaning robots comprising DUST-E SX, and DUST-E MX, as well as accessories, such as bus tubs, cup holders, magnetic tray cases, smartwatches, table location systems, and tray covers.

Read Our Latest Research Report on RR

MGM Resorts International (MGM)

MGM Resorts International, through its subsidiaries, owns and operates casino, hotel, and entertainment resorts in the United States and internationally. The company operates through three segments: Las Vegas Strip Resorts, Regional Operations, and MGM China. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.

Read Our Latest Research Report on MGM

Churchill Downs (CHDN)

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. The company operates pari-mutuel gaming entertainment venues; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; retail sports books; casino gaming; and Terre Haute Casino Resort.

Read Our Latest Research Report on CHDN

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